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Glenda Feeken

Home Protection Plan

Home protection plans can increase the marketability of a home by providing a peace of mind extra that competing homes may not have.

A home warranty increases marketability:

  • Warranted homes sell up to 50% faster than non-warranted homes
  • Homes with a warranty sell for about 3% more, on average (Business Week)
  • Reduced chance the seller will be asked to reimburse the buyer for a breakdown of a covered component
  • Better chance that the closing won't be delayed by a malfunctioning warranted item
  • It provides the buyer with a full year of coverage on the homes major systems and appliances after they move in.
  • In the event that something covered breaks down, only a deductible is paid and the Warranty Company pays the remainder.

Buyer coverage on selected items:

  • Central Heating System
  • Electric Central Air System
  • Interior Plumbing
  • Built-in Appliances
  • Electric Pool Equipment

The seller may also have coverage on certain items while the property is listed for sale,even before the coverage is paid for.

Homes sell 60% faster and for a higher price than homes without a home warranty according to a study by the National Home Warranty Association.

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